Halabousi to visit Kuwait to activate the decisions of the Kuwait International Conference for the reconstruction of Iraq

Parliament Speaker Mohamed Halboussi will begin an official visit to Kuwait at the head of a high-ranking delegation to discuss the results of the Kuwait International Conference on the Reconstruction of Iraq held in February last year.

The Iraqi delegation will discuss with Kuwaiti officials ways to invest the funds launched by the Kuwait conference, which amounted to more than 30 billion dollars in the form of loans and investments to rebuild what was destroyed by the war on terrorism.

Dijlah.tv

Iraqis begin to transfer their financial assets to Iran for fear of new US sanctions affecting 76 people

BAGHDAD (Reuters) – Iraqi figures linked to close ties with Iran have begun to transfer their financial assets to them, fearing new US sanctions would prompt the central bank to freeze their assets, a Gulf report said.

The report, which was published by the Saudi newspaper Asharq Al-Awsat on Saturday, July 27, 2019, said that most of the circles close to the figures and the relevant Iraqi authorities from Iran are now feeling a real danger to their interests and the movement of their funds in Iraq and some Arab countries, especially after the US Treasury sanctions that have lengthened Four figures, on charges of corruption and violations of human rights, namely: the commander of the «Brigade 30» in the popular crowd »Pinoy, the network of the promise of the Almighty, the Chaldean Christian leader of the« 50th Brigade »in the« crowd »also in Benin, Ryan Chaldean, The former, Nofal al-Akoub, and the head of the “Axis” gang Ahmed Al-Jubouri.

The Central Bank of Iraq, Thursday 25 July 2019, circulated a circular to the rest of the banks and financial institutions, on the lack of financial dealings with the four figures listed on what he called «international sanctions».

“Your institutions should know the names on the list of international sanctions on 17-7-2019,” the bank said in its circular. He added: “If any name has a deal or account with your institutions, it is frozen and prevent any financial deal with the bank, and prevent access to the currency of the dollar, and provide this bank with all bank accounts and any other information of his own.

The newspaper quoted a source who said he knew the details of what is happening in the circles close to Iran, that «some Iraqi personalities are moving strongly these days, to transfer part of their investments and funds to various regions and banks in Iran, to avoid the sanctions expected against them by the US Treasury».

“Many of these people are now aware that they are targeted by the American side, and will later include a new wave of sanctions, and believe that Iran is the only country where their money can be free from US sanctions. Most of the money comes out in different ways, Wild, because it can not be transferred through official banks ».

He believes that “targeting the US Treasury for four figures marks the beginning of the serious US-Iranian conflict in Iraq, given that Americans know that Nineveh was increasingly influenced by Iran’s groups during and after the war against the Da’ash organization.”

“There are other US lists on the way,” he said. “There are dozens of Iraqi figures in the Shiite and Sunni regions, including political leaders and leaders of armed factions,” indicating that “the total number of characters that will include US sanctions is around 76.”

Allhayat.net

In the document .. The Council of Ministers sends the names of 6 personalities to Parliament for appointment with a number of special grades

Baghdad today – Recommended to the Secretariat General of the Council of Ministers, a recommendation to Parliament to vote on the names of candidates for positions of special grades, including the Governor of the Central Bank to the House of Representatives after the approval of the Council of Ministers.

(Baghdad today) received a document issued by the Secretariat General of the Council of Ministers and addressed to Parliament, including the names of candidates for the positions of special grades, after obtaining the approval of the Council of Ministers on July 23, 2019.

The names are: Ali Abdul Amir Allawi for the post of Governor of the Central Bank of Iraq, Salah Nuri Khalaf for the post of Chief of the Financial Supervisory Bureau, and Mohammed Abdul Hadi Mohammad Taqi Hakim for the post of adviser to the Prime Minister, Fayadh Hassan Nima for the post of Undersecretary of the Ministry of Oil, and Hamid Yunis Saleh Zobaie for the post of Undersecretary of the Ministry of Oil , And Adel Karim Kak Ahmed as undersecretary of the Ministry of Industry.

Alahadnews.net

Iraq “issues Warrants for 26 Top Officials”

By John Lee.

The Iraqi government has reportedly issued warrants for 26 former and current top officials, including 11 ex-ministers, who are suspected of corruption.

According to the Organized Crime and Corruption Reporting Project (OCCRP), the warrants issued included 15 to director generals.

Sources told Asharq Al-Awsat that none of the warrants are for current members of the cabinet, and that some of the ministers live abroad and would require extradition in order to be charged.

(Source: Organized Crime and Corruption Reporting Project)

Iraq-businessnews.com

The bank denies the transfer of some social media to the smuggling of the Iraqi currency.

Some social media outlets broadcast a video clip showing some categories of the Iraqi currency in boxes marked with the name of the Central Bank of Iraq, which provoked a crackdown on smuggling of the Iraqi currency. While the bank denies any smuggling operation, it would like to state the following:

1. The funds offered do not belong to the Central Bank, and differ from the special funds in the Iraqi currency in terms of shape, color, material and size.

2. The Central Bank followed up with the security authorities, the Ministry of Foreign Affairs and embassies of the countries mentioned in the video clip. Note that there are previous cases proved by the search, by the security services, not completely correct.

3. So far, these papers have not been found and have not been publicly displayed in any country, and the current investigations have proved to be only pictures and films.

4. The central bank prints its currency in the global printing houses, and monitors its production, from the paper making to the final version, according to tables and serial numbers to check every stage until it is received in Iraq.

5.We warn of the confusion that is taking place with the aim of undermining the country and its successful institutions, including the Central Bank. The sooner one of these institutions succeeds domestically and internationally, the more they come under such slander. The attack comes in line with the announcement of the bank’s growth of reserves and control of the exchange rate, in order to reduce this success.

Finally, the central bank calls on all media to be careful in dealing with the news, because inaccurate news has negative effects on the stability of the banking and financial system in Iraq.

Central Bank of Iraq

Parliamentary Finance: The budget will be different orientations within the next year

Al-Ahed News – Baghdad: The Finance Committee of the parliamentary, on Sunday, an agreement with the Ministry of Finance to send the budget for 2020 at the scheduled date, indicating that it is continuing to hold meetings with the government to include all items of the budget by consensus.

“The Ministry of Finance has assured us during several meetings to send the 2020 budget in October, the legal date specified,” committee member Haneen al-Qaddu said in a press statement.

He added that “meetings between the Finance Committee and the representative of the government departments are continuing to identify the needs and include them within the federal budget.”

He explained that “the budget will be different orientations within the next year to represent the economic openness of the government to invest and increase the financial resources alternative to oil.”

Alahadnews.net

National Union: Baghdad and Erbil agreement on the outstanding issues before the submission of the budget 2020

Baghdad – The bloc of the Patriotic Union of Kurdistan in the House of Representatives, on Sunday, the need to reach the governments of Baghdad and Arbil to agree on the outstanding issues before the submission of the budget 2020.

The head of the bloc, Joan Ihsan, said that “the recent visit of the delegation of the Kurdistan region to the capital Baghdad was a positive step And very good, and indicate the intention of the Kurdistan Regional Government and the federal government to resolve the outstanding problems.

She added that “the House of Representatives will be after the legislative holiday to discuss the preparation of the budget year 2020.”

“It is possible that the Kurdistan Regional Government and the federal government to reach a comprehensive agreement on all outstanding problems, especially financial ones.”

Mawazin.net

The second episode reveals the crimes of the largest gang smuggling and money laundering in Iraq

BAGHDAD – MP Ali Nassif revealed on Saturday the existence of more evidence and documents to the Inspector General of the Ministry of Interior Jamal al-Asadi covering corruption cases in the ministry, including smuggling and money laundering by officers close to him.

“The corrupt people whom Interior Inspector General Gamal al-Asadi has covered all their cases have been sued for exploiting them in several courts, and they have all cases of smuggling,” she said in a statement received by Mawazine News.

Nassif explained that “there is a file about a money exchange company named Madaya, which belongs to the logic of Musa Fares, Major General Ali Adnan and Brigadier General Mustafa Kamal, and this company takes out the amounts belonging to them through the drivers of the Amman line in their car and in agreement with people in customs and ports, “The director of Madaya financial transfer company is originally wanted for terrorism in Basra, and there is a file proving that they have entered shipments through a road controlled by an organization calling and paid money to the terrorist organization in return for the transit of their shipments through Mosul.”

She added that ” Naseef confirmed that “among the files that condemn this gang is the seizure of containers that are supposed to contain (iron bars) imported to the state departments and it turned out that this is not true. There is also a complaint from a citizen who exploited their influence and seized his property by force. The same group referred the cases to others. The same group used a military force to arrest people in the market of the Mamul compound in the Karm Sarah area. The operation was carried out for the benefit of the defendant Nateq and the persons arrested were his rival merchants. Ransom of these traders in return for the launch of Q Raham “.

Nassif added: “The fourth dimension company is the company with the investment license, which used papers Nateq and Ali Adnan in counterfeiting, as the container comes from outside Iraq on behalf of Anwar Al-Faris, and inside the port they write a concession on containers from Anwar Al-Faris to the fourth dimension company who forged Investment papers, to falsify customs treatment and exempt from customs and tax. ”

She explained that “the spokesman Moussa Fares so far 15 lawsuits have been blocked because it is supported and protected from important people, and is currently moving between Baghdad and Erbil and Spain, and smuggled materials are now in stores large quantities, some in the orchards in the neighborhood of the people.”

Nassif said that “the files that condemn this gang were handed over to the former inspector general of the Interior, who issued measures against them through the special investigative committees he formed, and with the capacity of the inspector was transferred to another place was brought to the new inspector Jamal Asadi substitute, , Then the members of the previous investigative committees were punished, and Major General Ali Adnan returned to his position as Director-General after being punished and exempt from his post. ”

She went on to say that “a person with files condemning this gang came from outside to Baghdad airport to be handed over. The inspector group went to him and took the files from him, but unfortunately the matter was also filled because the Inspector General seems busy busy fabricating the crimes of innocents and chasing them through his cell. That he achieved an achievement to whiten his page. ”

Naseef concluded by saying: “This information is all supported by the documents and evidence that we put in the hands of the Prime Minister and the Commission for Integrity and Public Prosecution to be necessary.”

Mawazin.net

The International Monetary Fund urges Morocco to proceed with the floating of the Dirham

On Tuesday, the International Monetary Fund (IMF) reiterated its call for Morocco to move forward to increase exchange rate flexibility, with the aim of enhancing the economy’s resilience to external shocks and enhancing competitiveness.

In January 2018, Morocco expanded the dirham exchange rate against foreign currencies to 2.5 percent of the reference price, from 0.3 percent.

“The first phase of the transition to greater exchange rate flexibility has been successful, and the current conditions are still favorable for pursuing this reform for preventive purposes, as it will help the economy absorb potential external shocks and maintain its external competitiveness,” the IMF said in a report on economic and financial developments in the country. “He said.

The authorities informed the International Monetary Fund that the next phase of the dirham flotation would be launched when economic conditions allowed.

The central bank has not intervened in the foreign exchange market since March 2018.
The IMF also called on the authorities “to continue financial consolidation to maintain debt sustainability while protecting priority investments and social spending over the medium term.”

Rawabetcenter.com

The global economy should avoid recession

Capitals/agencies – The World Economy needs to avoid “self-harm” that could lead to economic stagnation, the International Monetary Fund (IMF) has said.

“The time has come for the world to avoid causing stagnation, and that means dealing with trade and technological tensions through dialogue so that there is no self-harm, but also a willingness to respond if the economy slows down,” Acting IMF Chief David Lipton said in a press release.

Concerns about global trade tensions have once again focused on how central banks might stimulate the economy.

In its latest forecast, the IMF believes the global economy will grow by about 3.3 percent this year.

Lipton noted that in the event of a global recession (although the IMF does not expect this), central banks and governments should be prepared to deal with monetary and financial policy.

“We don’t have expectations of a recession, but in light of trade and technological tensions and financial markets, weaknesses are rising,” he said.

Alsabaah.iq